Scottsville Housing for the Elderly Inc

Analysis

Scottsville Housing for the Elderly Inc is a registered charity in United States, based in Scottsville, KY. It received its IRS tax-exemption ruling in September 2003, 23 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Scottsville Housing for the Elderly Inc reported income of $181k and spending of $219k, spending 121% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $170k to $181k (+6.7%), an average of +1.6% a year. Over the whole period it spent 130% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Scottsville Housing for the Elderly Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 51st percentile within KY. Charities of a similar size with the same main cause include Goldsboro Development Corporation ($181k), LA Casa Village II Inc ($181k) and Waynedale Apartments Inc ($181k).

On its Form 990 for the period ending March 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $42k. At year end it held assets of $1.5m against liabilities of $39k, net assets of $1.4m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.